Business Studies, asked by riyan1305, 11 months ago

what is the difference between demand draft and pay order​

Answers

Answered by silentsinger8
2

Answer:

hello mate !!

Pay order and demand draft are basically used for the same purpose, but are different from each other. A pay order is a mode of payment that is to be cleared in the very specific branch of the bank that issued it. Demand draft is a mode of payment that gets cleared in any branch of the issuing branch.

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